The cryptocurrency market is in recovery mode, with the price of bitcoin reaching $43,000. retrieving
Bitcoin (BTC), the number one cryptocurrency, reached a high of $43,124 earlier today, according to data provided by CoinMarketCap.
The largest cryptocurrency is now up almost 10% over the past week.
Meanwhile, Ethereum (ETH) has now crossed the psychologically important $3,000 level.
Every major altcoin is currently in the green (except the native cryptocurrency of the Terra blockchain).
Cardano (ADA) leads the pack with a price increase of 7.8%. The cryptocurrency is now approaching the much awaited $1 mark.
Polkadot (DOT), another Ethereum killer, is up almost 7% over the past 24 hours.
Bitcoin Cash (BCH) is up more than 8% amid reports that Sint Maarten is working to adopt the controversial bitcoin fork as legal tender.
ApeCoin (APE), the recently launched Ethereum token behind the Bored Ape Yacht Club non-fungible token collection, is up over 10%, currently trading at $11.38.Dash (DASH), once one of the leading cryptocurrencies, is finally rising by over 14% in its moment. Even so, the cryptocurrency is only ranked 69th.
Ethereum Classic (ETC), Algorand (ALGO) and EOS (EOS) have also posted double-digit price increases, leading the broader crypto market.
The total value of the cryptocurrency market currently stands at $1.93 trillion. The bulls still have a long time to go before reclaiming the $3 trillion mark initially recorded in November.
Bitcoin currently has a market dominance of 42.1%. Ethereum accounts for 18.7% of the total crypto market valuation.